$1,180,000 - 116 George Street Unit 107, Cabbagetown
Condo for Sale in Cabbagetown
43 days on marketNeighbourhood: Moss Park
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- MLS Number
- C13712552
- Property Type
- Condo
- Status
- active
- Days on Site
- 43
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,400 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Taxes (2026)
- $5,739
- Maintenance Fees
- $1,390/mo
- Locker
- Owned
- Exposure
- East
- Balcony
- Terrace
- Listing Brokerage
- RE/MAX CROSSROADS REALTY INC.
Welcome to your new town home at 116 George St! A rare property that is truly uncompromising - bright and spacious, with sophisticated finishes throughout, in an amazing location, all beautifully maintained by the owner. This corner unit 2 bedroom + den townhome is generously spread over 1,519 square feet with hardwood floors throughout. The main floor features a beautiful modern kitchen with stone counters, under cabinet lighting and stainless steel appliances. Food preparation is made easy with ample counter space and a built-in cooktop and oven located in the large center island. This convenient layout is further supported by a tall pantry and ample shelf storage, all close at hand. The main floor also offers a large living room, and separate dining room area. The dining room can optionally be converted to an office or a 3rd bedroom. Also included are many smart home features, including fully automated smart blinds in the living room and bedroom that can be controlled by a remote control or app; and many light switches, light fixtures and Nest thermostat that can be controlled remotely via Wi-Fi. Through your separate main floor exit, step out to your large private terrace, perfect for BBQ and hosting guests as it also has its own gated entryway. With a perfect 100 walk score, you are centrally located close to the financial district, St. Lawrence Market, Distillery District, St. James Park, Moss Park, grocery and many other local shops, cafes and restaurants. And for travel slightly farther, you have very easy access to the Don Valley Parkway, Gardiner Expressway, and the TTC (100 transit score). Comes complete with a parking space and locker.
Estimate your monthly payments for this property
Estimated Payment
$5,219.54/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Moss Park
Moss Park is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Moss Park
- •Convenient location in Regent Park / Cabbagetown / St. James Town
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Moss Park offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
116 George Street Unit 107, Regent Park / Cabbagetown / St. James Town
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $843/sqft, this property is priced in line with current Cabbagetown market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 43 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. The $1390/month fees should cover building insurance, common elements, and reserve contributions.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
About Moss Park
I know Moss Park well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
Investment Perspective
Looking at this as an investment: Cabbagetown properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $4,917 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.